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will be forced to rescue our senior endowment programs in bankruptcy, and we can reform our tax system to eliminate the corporate codes, in favor of big businesses over small businesses, and individual codes of bias against saving, investing and especially against our parents, our ultimate investor class. that is how we turn the federal government unsustainable liabilities into sustainable assets. the bottom line of all of it is that controversies in that building over there, the really big white one with the dome, need to start doing what conservatives in this building already do, think long and hard about what we believe, why we believe it, and most of all remember to put first things first. for conservatives, the first thing is not our agenda of political subsidiary. it is our vision of social solidarity. it is a vision of society as and interwoven from and dependent network of individuals, families, communities, businesses, churches, formal and informal groups working together to meet each other's needs and enriched each other's lives. it is of a free market economy that grants eve
by sequestration because those are our nickels and dimes that go into the gas tax per gallon. that weren't affected by sequestration. the huge -- an extremely high and disproportionate number of air traffic control -- of transportation department's expenditures are air tra traffic -- air traffic controllers themselves. so we have this problem. but as leader reid-pound out -- pointed out, we have other problems. to stop cancer research, to cut back on n.i.h. and n.s.f. which hals been our seed corn? n.i.h. created a biotechnical, a biopharmaceutical industry that's second to none and employees -- employs millions of people in your state, madam president, and mine. and n.s.f. research basically created the internet. that has created millions of jobs and makes u.s. industry the envy of the world. so we're cutting our seed corn. the kinds of programs for veterans who are homeless, the kinds of programs for homebound seniors. the meat ax approach of sequestration cuts those across the board. now, my preference would be to close some tax loopholes to get rid of sequestration. i don't think we should give
is the in recess for their weekly party caucuses. they will return at 2:15 for more work on then line sales tax bill. a motion to proceed on the bill could come tomorrow unless an agreement is reached today. learn more about your senators with c-span's 2013 congressional direct at this. it is available to order online. a handy guide to the current congress. has information about each member of the hoist and senate. it includes contact information, district maps and committee asassignments. the directory is 12.95 plus shipping and handling and order online. a short time ago we spoke with a capitol hill reporter with the latest on the legislation the senate is debating today on the internet sales tax. gautham nagesh from roll call on capitol hill. what is the purpose of this internet sales bill? >> it would require states online retailers, charge sales tax and collect and remit them when consumers make a purchase online. that includes retailers not within their own state. >> who are some of the bill's supporters and why do some of them say it will level the playing field for retailers? >> well, t
. speaker. i appreciate you allowing me this time today. yesterday was tax day. and i've got taxes on my mind, mr. speaker. you know as most folks in this chamber do that h.r. 25, the fair tax, is the most widely co-sponsored, most widely supported fundamental tax reform legislation in the house and in the senate. both the house and the senate. 64 of our colleagues in the house, mr. speaker, have put their name on h.r. 25, the fair tax. eight of our senate colleagues have put their name on h.r. 25, the fair tax. the fair tax is a revolutionary proposal, mr. speaker, in that it takes all of the power of the tax code out of washington, d.c., and returns it to men and women back home. you know we can manipulate the behavior of anyone in america through the tax code. if i want folks to wear more pink ties and fewer blue tie, i'll subsidize pink ties for 250% and tax blue ties for 250% and we'll change behavior overnight. do you remember, mr. speaker, when we had the electric vehicle tax credit back in 2010? it was a $7,500 tax credit. we said we are going to give $7,500 to every american to
in 10 years. brewster the nation's fiscal cut that tax loopholes that take a fair and balanced approach. at the same time the budget incorporates elements to speaker by last december. they make the difficult choices to find common ground. consistent with that offer come in the budget includes being the president would not put forward such as means testing command that a character in a related premiums and the more accurate the less generous measure of inflation. it includes proposals only so they come together around a complete and comprehensive package to shrink the deficit by $1.8 trillion over 10 years and are meant the fiscal uncertainty that hampers economic growth and job creation. this remark does not represent the starting point for negotiation. represent tagamet savings and additional roadrunners for those of the. the two cannot be separated and were not separated last december when we were close to a bipartisan agreement. this budget provides achievable solutions to fiscal problems, the crucial a solution desired, we have to do more than focus on deficit and debt. the signific
that you face, and i d not envy you, is you said the fits call consolidation, the consumption tax will go up next year and the following year, and you're certainly aware that will take a big hit on consumption on income that will have a negative impact on the economy, and i'm wondering how you're balancing these two different issues of fiscal consolidation and demand. [speaking japanese] >> translator: i think you have hit on the most important point, because whenever we may try to increase the taxes, it does not necessarily result in increasing the tax revenue. we have known the actual examples which have happened in the past in many nrsakg ne >> you can watch the rest of this online as we take you live now to the heritage foundation in washington, d.c. for remarks by senator mike lee of utah. he'll be talking about the conservative movement and the future of the republican party. >> in his most recent book, "we still hold these truths: rediscovering our principles, reclaiming our future." please join me in welcoming matt spalding. matt? [applause] >> thanks, jon. i thought you said cons
than $40 billion in tax breaks for oil and gas companies in the 2014 budget request from the president. is next.ton journal" host: good morning. it's monday, april 22. congress will discuss immigration reform today. today marks one a week since the bombings in boston that killed three. with one of the alleged perpetrators in custody, the debate over how authorities should proceed will be at capitol hill. it being debated whether the u.s. citizen should be designated as an enemy combatants and questioned under law of war or whether he should be turned over to the civilian criminal justice system immediately. should the ballston bomber be designated as an enemy combatants? give us a call. -- the boston bomber. a very good monday morning to you. we want to take you to the statement that was released over the weekend by three senators and one republican congressman. senator john mccain, senator instagram, senator kelly ayotte, and congressman king. they say the man should be treated as an enemy combatants. so we will take you through that debate that took place on a lot of th
quick, what happens next? no good. he's gone. >> well, the question is did they have to pay taxes on those benefits? >> i wants to know what happens next, oversight committees. don't know anything about it. >> eamon is gone. get hell him another time. another dramatic day on wall street. that was before some big news came out on microsoft and ibm earnings and google. ibm got killed in the after market, by the way. we're going to check all the key market news for you just ahead. i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. >>> welcome back to "the kudlow report" with larry kudlow along with sue her rare ark. the latest in the boston marathon terror bomb investigation. less than to you hours ago the fbi released pictures of two men described as dangerous suspects in the case. they are asking for the public's help in identifying. >> taking a look at images. the
why banks are rolling in dough. but first, bill moller joins us with a taxing hangover. what you need to know about next year's taxes is coming up after the break. not only are there new income tax laws that affect those forms you hopefully filed on time this year, there are new estate tax laws that will affect your estate planning. steven peck is an estate planning attorney. who would worry about this? i thought estate planning was just for the super rich. - almost everyone needs to be worried about estate planning, even if you are not over the tax limit - very few people actually are over the tax limit nowadays with the new exemption of $5.25 million. but, other people could be subject to it in the future. - there are aspects of estate planning that do affect a lot of people. for example, gift taxes. - right. the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lo
collection act because it is going to make online businesses the tax collectors for the nation. and as the "wall street journal" pointed out in an editorial today called "the internet sales tax rush," it actually puts brick and mortar, puts the internet businesses at a disadvantage to brick and mortar businesses in terms of requiring -- making requirements on online businesses to collect taxes for transactions that the online businesses would not have to. and for a state like mine of new hampshire where we do not have a sales tax, this is also particularly onerous and really tramples on the decision that new hampshire has made to not have a sales tax. but most importantly, where we stand right now with the -- with the bill pending on the floor, you know, so many times there is so much around here that happens that does not go through regular order, and yet we have been talking on both sides of the aisle how important it is that when we have a major piece of legislation, which certainly this is, that we must go through regular order and that you just heard from the chairman of t
can reduce and then -- one isthe deficit increasing the amount of revenue coming through tax policy, or reduce the amount of expenditures by cutting back on spending or some combination of those two. i believe that the most credible way is through what we call a balanced approach. >> republicans bicker of the john boehner, republican speaker of the house, says effective cuts are the way to sell the debt problem. >> rule against must solve this problem by getting the spending line down. the charts depict what i have said for long long time. why shouldn't have a spending problem that cannot be fixed with tax increases alone. this chart will look a lot worse. our kids and our grandkids are the ones who are going to suffer a cut washington was too shortsighted to fix the problem. the generation will suffer from this issue in the future. thef we don't solve problem, eventually they're going to cut more. >> we should invest in education. it has to be a continuing priority because number one, we owe it to the american people to make sure that each and attaincan obtain their full potential.
of the low income tax credits in 2012. the credit is calculated on income and family size and allows low income working families and vined you'lls to pay less in federal taxes will receive a refund. >>> ritchie haven the legendary folk singer the first act to hit the stage atwood stock h-- at wk has died. ♪ >> best known for improvising that song freedom at the 1969 festival. he died of a heart attack. he was 72 years old. >> now an extreme weather lart. severe flooding to blame for deaths in the midwest. heavy rains caused lakes and rivers to overflow their banks. >> there is more bad news. more rain and snow could cause problems today and tomorrow. let's go to maria molina for an extreme weather look. >> good to see you. we have another storm system that will be dumping more rain and snow across sections of the midwestism pacting places like indiana, illinois even into sections of missouri. i want to start out with the temperatures. producing that precipitation is bringing in record cold temperatures early this morning across sections of the plains. 14 in sue faioux falls and extr co
has filed his income tax, paid 18% to the feds. are you kidding me. that is moments away. clusters of pustules, pimples. i had this shingle rash right next to my spine. the soreness was excruciating. it was impossible to even think about dancing. when you're dancing, your partner is holding you. so, his hand would have been right in the spot that i had the shingles. no tango. no rhumba. you can't be touched. for more of the inside story, visit shinglesinfo.com i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depresd mood and suicidal thoughts or actions while taking or after stopping chanti if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or otr mental health proems, which could get worse while taking
has filed his income tax, paid 18% to the feds. [ male announcer ] this is kevin. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. >>. >> bill: tax day, yesterday was the deadline to renderer to caesar is one hungry guy. he wants our money especially if we have a lot about it. president obama made $600,000 and paid 18% but they donated 25% of their income to charity and you add it up, they parted with 43% of their income. therefore the president is paying his fair share in my humble opinion. some on the left don't care how much you give to charity. they want it all to go to the feds so the government can expand and nanny state can be more powerful. president obama is among those people. so he is being sligh
for tax increases every other day, every day for that matter, and those are mott going to deal with -- not going to deal with the spiraling out-of-control spending that rawses the need for more debt -- raises the need for more debt. again, the differences on this subject, mr. speaker, are well-known, and i'm hopeful that we can work towards setting aside the differences, focusing in on how far we can rk towards accomplishing cc dealing with the problem of the mounting unfunded liabilities of the federal government. i yield back. . ha the gentleman for his observation. let me, if i can, some irony in the gentleman's response. we've been talking about two items. one, the going to conference, i eal with prospective spending, prospective increase in debt or deficit because we buy more or spend more or cut revenues more. the debt limit, as the gentleman so well knows, deals with what we've already done. doesn't have anything to do with increasing what we're going to spend. the budget does that. now, we're not dealing with the budget, but there is discussion dealing with this priorit
them recover. bill: also president obama's budget plan taking a bit of a heat for new taxes on middle class. that wasn't supposed to be the? how much families are supposed to pay. martha: there is the scene in denver. what a morning commute in lakewood, colorado. they're making it a slow-go. it is may next week, right? we'll be right back. the farmers' market. maybe another headache will get in the way. maybe you'll have some friends over for dinner. maybe you'll have a migraine. if you have migraines with 15 or more headache days a month, you're living a maybe life. and you may have chronic migraine. but knowing this thing you're going through has a name means knowing you can find treatments that are right for you. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. bill: rock concert taking on a whole new meeting. watch this guy. witnesses report seeing a flash more than 250 miles away, that is the stage of the concert, behind stage right, boom. astronomers estimate the object was eight inches across only when it entered the atmosphere. that there
and the taxing of i.r.a.s and retirement plans. this has the nation abuzz. it has talk radio athe buzz. because people are worried, and they're not hearing by the way, tom, the $3 million threshold. because wh americans are hearing is the government is now going to plunder people's lifetime retirement savings. i think it's a very dangerous idea. >> i do too. one analyst said, if you start when you come out of college, so you're in your early 20s, and you go to your 60s, that the average nurse's salary, i mean, $3 million sounds like a lot to a lot of people, kind of that class warfare thing. the average nurse's retirement account will add up to more than $3 million. >> no doubt about it. i talk to young people, the most important thing you can do when you're in your late teens and your 20s is start saving early. as you know, what is it that albert eye stein said in the most powerful force in the universe is compound interest. if you start saving early, putting money in ira, 401(k) plans, you can amass not just 3 but $5 million, $10 million. is there something wrong with that? since when does th
. the capping of the money that you can put into 401(k) plans and the taxing of i.r.a.s and retirement plans. this has the nation abuzz. it has talk radio athe buzz. because people are worried, and they're not hearing by the way, tom, the $3 million threshold. because what americans are hearing is the government is now going to plunder people's lifetime retirement savings. i think it's a very dangerous idea. >> i do too. one analyst said, if you start when you come out of college, so you're in your early 20s, and you go to your 60s, that the average nurse's salary, i mean, $3 million sounds like a lot to a lot of people, kind of that class warfare thing. the average nurse's retirement account will add up to more than $3 million. >> no doubt about it. i talk to young people, the most important thing you can do when you're in your late teens and your 20s is start saving early. as you know, what is it that albert eye stein said in the most powerful force in the universe is compound interest. if you start saving early, putting money in ira, 401(k) plans, you can amass not just 3 but $5 million,
action on behalf of tax payers. good to know, but the last line stuck in my craw. on behalf of taxpayers. why wassermann was not thinking of taxpayers before. and hadley, better late than never? >> yeah, uncle sam, giveeth and take elstaketh away. if you have a government big enough to give you everything you want it is also big enough to take away everything you have. this is just a fraction of the problem. that is $34.5 billions too many. neil: i am happy they are looking out for the taxpayers, they did not start out that way. >> it was $193 million originally. i say only, in principle, supporting clean energy, i get, let's face it we know that climate change, man-made, is going to cause future generations serious problems. so i do understand why the government is going after this. neil: we can -- man-made climate change. >> according to the -- >> i am not getting into that argument but your point on tax thing. >> fundamentally the government should take lead investigating clean energy, you can't always -- >> you win some you lose some. >> you can't always vist short-term, it is a long
president of the czech republic when we come back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business >>> welcome back to the program. here is a look at how stock res trading, to the up side. we are seeing increases throughout the trading session. yesterday was a different story. we started out okay and rapidly sold off. germany in particular was weak. eegan jones did dowde country to an a from an a plus. the xetra dax today after shedding better than 2% yesterday, which is a huge move for this index, rebounding by about 0.4%. small gains seen elsewhere, the ftse mib in italy up about 0.6%. keeping an eye on the presidential election process. that is currently under way. here is a look at the bond sp
sense. the president's strategy is he wants the taxes increased. we are not willing to do that. these big cities, chicago, atlanta, those airports will feel the impact economically. people around the country will be weighing in. we looking at legislation to push this issue. there is 47,000 employees. there are 15,000 controllers. also, when you look at what they are and, waterloo, iowa, it is treated the same way as chicago. this does not make sense. lori: you are exactly right. i meant to say looking for a tax increase. here is the dead -- devils advocate. it will actually lay off workers >> that for morale. this is bad for the safety. the airline industry, whether it is cargo or passengers, contributes a trillion dollars to the economy. this is very bad. again, they have the authority to be flexible. if the economy continues to move, the safety is intact. lori: they may postpone these for those 30 days. do you think that is a viable solution? >> they have that flexibility. they think they will get us back to the table to have an increased tax on the american people. that will
because of the nature of the violence, even though the frequency of the tax is not higher. host: if you are interested in the legal challenges facing suspect in the boston bombing, there are -- the suspect remains hospitalized this morning. nothe moment he is communicating with anyone because of his serious condition. if you are just tuning in, we are joined by bill braniff here at the table to talk about the issue of terrorism. republican line, good morning. caller: my feeling on this is, have lived in newtown, connecticut and new york city, and not far from boston. we always fall short. we don't do enough. we treat everyone was so much respect, but people have less respect for us. we have to smack down people like this so they will not come to our country and treat us like this. i cannot afford to send my kid to the schools they went to. reaught,hould be brought right to trial and then executed. we are too soft. we do so much, and then we stop. it's out of control. we don't do enough in this country. guest: i don't have a lot of facts or figures to talk about prosecution rates. based
. >> shepard: steve, thanks. all that tax-free internet shop could go be coming to an end. billions of extra dollars coming out of our pockets and going into state coffers. how are that i go go to do that? that's next. ♪ [ female announcer ] from meeting customer needs... to meeting patient needs... ♪ wireless is limitless. ♪ from finding the best way... ♪ to finding the best catch... ♪ wireless is limitless. peoi go to angie's listt for to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find reviews on everything from home repair to healthcare. now that we're expecting, i like the fact that i can go onto angie's list and look for pediatricians. the service providers that i've found on angie's list actually have blown me away. join today and find out why over 1 million members count on angie's list. angie's list -- reviews you can trust. >> shepard: a fox weather alert. the last thing folks in the midwest need is more rain but it's on the way. on the mississippi river
this intentionally. they want to make sure that we see a situation. if we don't raise taxes we will be in trouble. we don't have to do this. we did not have to leave these people often there is no financial reason for it. let's not make excuses. it is just plain bad management of the way around. gerri: and, of course, it to you. breaking news this afternoon about a lawsuit filed by the industry. the judge in that case did not grant an emergency stay to block furloughs. are you surprised? >> i am a little surprised. obviously a lot of legal opinions that says the faa can actually switch funds around to make this, but i do think it will take but the administration and congress to come together to solve this problem. the faa should delay the cuts that congress should clear up the authority to switch around of funds. it will take both bodies to prioritize this is a problem so we don't have travelers waiting in airports. should have never gone to this point in the first place. gerri: no. so many things congress and the president could have done, work together, but, as we know, they'd all like to. thank yo
to president obama's budget and take a look at this statistic. 86% of tax increases will fall on people making $200,000 a year or more in 2015. this according to the new study by the tax policy center. what to make of this? joining us is the senior political analyst for the washington examiner. michael, good to see you. i'm more interested in the fact that earners nearly every income level will bear some sort of tax increase in this which flies in the face behalf president obama promised years ago. >> when president obama was running for his first term, he said he wasn't going to raise taxes on ordinary people. that's actually been violated in a number of ways, including in the obama care law and early increase in the cigarette tax that tends to hit down scale people more often than it hits upscale people. but in the second term, he's putting in his budget these proposals to change, as i understand it, the c.p.i. that means that your bracket increases will go into effect earlier. people will be thrust into higher tax brackets and so-called buffett tax which amounts to a sort of revival of the
sales tax. and a little boy in the jaws of an 8-foot alligator. >> trying to bite my arm off. >> hitting him in the head really wasn't doing anything. it was like hitting a bring wall. >> tonight, his father reveals the trick that saved his son's life. my mom and dated having the nightmares. i'm sleeping good. >> you will meet him. but first from fox this tuesday night. american investigators traveled to russia today to question the parents of the accused boston marathon bombers. that's what an official at the u.s. embassy is telling the associated press. the official says the russian government is cooperating with the fbi and helped arrange this interview. of course, as we have been reporting here, fox news has learned the russians asked the fbi to investigate the older brother two years ago. he is the one who died in the shootout with police. the fbi reports it did not find any terrorism activity at the time. a year later, officials tell us the same brothers spent six months in russia. but we're getting conflicting reports about what the feds knew about that trip. tonight, one lawmaker
's only possible on the -- look at the host of just raised the issue on tax bases. it's not a minor problem. if we have asked for a report and the outcome was -- companies which are -- on a global level, a tax burden which is high compared to companies not on a global level because the possibilities, the options to avoid taxation, are in this interconnected world, and at the end you need someone who pays for the budget. otherwise you will create major problems in europe. exist to discuss better market economy, is more successful combined with political freedom and democracy and rule of law, over the economy combined with the political system which is so complicated. i am convinced, more sustainable the basis of freedom, the rule of law, democracy, and might be a bit more complicated. more sustainable. perhaps we have to do this again and again. >> let me ask you quit a different question and that is, u.s. and the european union have announced they're going to negotiate a transatlantic investment and trade pact, partnership, and several have suggested that the united states and europ
of these proposals would give to our children more taxes, more spending and neither ever reaches balance. there is only one proposal, the house budget, that would instead give to our children a balanced budget and a brighter future of freedom and opportunity. now is the time to choose the budget that reflects our american values. mr. speaker, the american people and future generations of americans deserve a balanced budget. i thank you and i yield back the balance of my time. the speaker pro tempore: the chair recognizes the gentleman from maryland, mr. hoyer, for five minutes. mr. hoyer: i ask unanimous consent to revise and extend. the speaker pro tempore: without objection. mr. hoyer: i thank the gentleman. preliminary, however to my remarks, i want to say i thank the gentleman for my -- the previous speaker for his remarks and to say i would hope that the senate, having passed a budget, we having passed a budget, the president submitting a budget, that we will now, hopefully as soon as this week, go to conference so that we might discuss the differences and get that budget to which t
. nasdaq up 26. if you are a lot of people online shopping break you get on sales tax. it can add up. washington wants a piece of the action. chief washington correspondent james rosen on the online money grab. >> the motion is agreed to. >> ecommerce may soon get a reboot after the senate voted 74 to 20 on monday to advance the marketplace fairness act. a measure that would require online retailers who do more than a million dollars a year in out-of-state business to collect the applicable sales taxes for each state in which their online buyers reside. proponents say this will level the playing field for bring and mortar stores whose owners have grown accustomed to seeing customers browse the showroom only to dash off to a computer or hand held device. >> that's not fair. that's discriminating against the local merchant. the local merchant who hires local people. the local merchant who pays property taxes. >> nine states have enacted online sales taxes. enforcement thus far has been lax. the marketplace fairness act would require the states to provide online retailers with new softw
tax, that that money be spent on american made steel, con secrete -- concrete, bridges, buses, trains, whatever. it could work. one example, in the bill there was an opportunity for amtrak to buy new locomotives. about half a billion dollars to be spent on these new locomotives. in that section of law, one sentence was added that said these must be 100% american made. no one was making locomotives in america before that. but siemens, the german corporation, one of the biggest manufacturers in the world said, oh, half a billion dollar well, can make locomotives in america, sure. in sacramento, california, they opened a manufacturing plant, probably somewhere between 200 and 300 people working there today manufacturing 100% american made locomotives and on may 134, three years after they began this process, the first 100% american made locomotive in probably more than a century rolled onto the tracks of america. we can do this. h.r. 549 will provide that opportunity, using american-taxpayer money. i have another bill that does the same for wind and solar projects. we can do these things
the irs zeroing in on the bay area for tax cheats. >> we're one of the top five zones where rurnz are getting a bit closer >>> proposal to remain name san francisco international airport after harvey milk may get competition. nine members to the naming committee this group includes united airlines representative, fire chief and a city council woman. committee will establish guidelines for renaming airport and may recommend someone other than milk to honor. >> he has come up, certainly someone worthy of consideration but there are other names as well. and this committee is going hold hearings to evaluate the names. >> first hearing taking place next month. the kplee plans to ground plans through a ballot initiative. >> one group says state gives away $700 million in tax credits every year to corporations. that are not required to create any new jobs. a new irs study shows five clusters of tax cheats around the country. one of those is here in san francisco. >> limited to very wealtho folks who have tax attorneys trying to find ways to get around paying their share if those folks ar
's winter of discontent, when britain had double-digit inflation, a top income tax rate of 83% and rising unemployment. and she revolutionized the economy with free-market ideas in her ten years of service that ushered in a new decade of prosperity. when she took office, the top income tax rate was 83%. it was cut to 60% and then to 40%. the middle tax rate was cut to 30%. and the lowest tax rate was eliminated altogether. when she took office, the top corporate tax rate was 53%. she cut it to 35%. the top capital gains tax rate was a stifling 75%. thatcher cut it to 30%. and as a result, a progrowth policies, unemployment fell from a high of 12% early in her tenure to 7.5% near the end. public spending as a percentage of g.d.p. fell from 45.1% of g.d.p. to 39.4% of g.d.p. and inflation fell from almost 22% in 1979 to a low rate of 2.4% in 1986. but perhaps the most telling tribute to margaret thatcher's leadership is that three days after she gave her britain await speech, that heroic speech she was dubbed "the iron lady" in the communist news outlet "the red star." when your military en
, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> there was a car jacking that took place, as well, in cambridge involving a mercedes suv. that car was ultimately discovered here in watertown and is pursued by the watertown police department. the pursuit went into a residential neighborhood not far from here where there was an exchange of gunfire between watertown police, nbta police officer and is two suspects in this suv. during the course of that pursuit, several explosive devices were discharged from the car at the police officers. in the exchange of the gunfire, we believe that one of the suspects was struck and ultimately taken into custody. a second suspect was able to flee he from that c
share. powerful communication on the powerful network. verizon. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how sharp is your business security?o! can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ...and we inspected his brakes for free.
, because if i owe $2,000 to you guys on my income taxes, do you guys say you can pay off a little at a time and then pay the rest of over a long time without being penalized? that is garbage. host: congress man? guest: there's a provision, if i'm not mistaken, if there are back taxes due, the people beyond $2,000 that is the feet that is being required in order to help pay for the processing of individuals, that will also be demanded as well. two-sided sort. -- sword. many of these undocumented workers in various industries in this country pay into a great deal of federal taxes, whether it is deducted for their payroll for social security, fica, etc., with no opportunity of ever retrieving or utilizing that tax, because they are prohibited from taking any federal program. also, one of the areas in which there will be some consternation is the fact that even though they have a work visa and are working toward a permanent status, all public benefits will be denied to 11 million people that qualify for this program. host: on twitter -- guest: yes, and parts of the criteria is going to be exact
to buy more than 1,000 u.s. dollars worth of gold you have to provide your income tax number. india say major buyer of gold. it is discouraging unaccounted for money moving into gold. i think with regards to commodities, there's a lot of uncertainty about chinese economic growth. if you look at steel production, cement production, it's barely growing in china. residential construction starts last year were down 11%. so i think there's a fundamental issue with commodities. they probably moved lower. there are assets much more interesting than commodities. >> mark, if this is a situation where as you suspect this is someone got in trouble, what happens to prices from here. >> well, if we go back down again and we have a big increase in margin calls again and then money has to be raised in the equity markets to offset losses in gold, then you're going to go down somewhere under you're going to rely on the margin. and cme released yesterday. >> anybody who says that deflation is once again on the table may have nothing to do with that whatsoever. >> i think you're right. i think someone or
sam but the ways in which they do this are very different. if you just apply a flat tax on u.s. imports that's one way to push our trade back into balance that doesn't involve risks of crony capitalism, that doesn't involve risks to the government micromanaging the economy. if you say okay which is going to have a flat tariff of 10% or 20% or 30% whatever it takes to get to a zero trade deficit that doesn't introduce a lot of corruption or a lot of dangers bad policymaking because it's a very simple policy. it's just determined by an arithmetical formula and there's no opportunity for anybody to play games. one of the good things about it if you have a flat tariff, is if you had a 30% tariff on imported goods that's not enough to relocate the production of t-shirts that united states because cost is too great. it's great to relocate things like silicon wafer fabrication so would tend to relocate back to the u.s. high value capital-intensive skill intensive industries which is of course what we want to do. those are the industries that are high-quality -- high-quality into she
of the fact that policy is our means, and they are not ends. we think we were for the court taxes or spending restraint, but those are policies we advocate. they're not what we're really for. what we're for are the good things that these policies will yield to the american people. what we're really for is the kind of society that those policies would allow the american people to create -- together. there is one idea too often missing from our public debate, it is that idea, together. in the last few years we conservatives seem to have abandoned words like together, compassion, and community, as if they're only possible meanings were as some sort of secret code for stateism. collective action does not only or even usually mean government action. conservatives cannot surrender the idea of community to the left when it is the vitality of our committees upon which our entire philosophy ultimately depends. nor can we allow one politician's occasional conflation of compassion and bigger government to discourage us from emphasizing the moral code of our world view. conservatism ultimately is not abo
the taxes, pay the fine, learn english, have a your. it is not going to be easy. they have to earn their way. those were the basic principles that started the conversation. i think there were 24 meetings that took place as we came together for some times for hours at great thronte talk about this 800-page bill. it is not perfect but it is a good faith approach to fixing a badly broken immigration system. there's many reasons we're here. first, american people want us to do something. the notion that we would end this process with the same broken immigration system is unacceptable. we believe we came up with a good approach that will make this country safer and more productive. second, i want to say something about an issue that touches my heart because i've been working on it for more than 12 years. that's the dream at. this is an issue that means to word to me and to so many people across the country. i thank to thank my colleagues here because the meeting we set aside for the dream act everyone said it is time. it is time. it is nojust time becae it is a good idea and there's wisdom behind
and around the country when we come back. nd businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i don'without goingcisions to angie's list first. you'll find reviews on home repair to healthcare written by people just like you. with angie's list, i know who to call, and i know the results will be fantastic. angie's list -- reviews you can trust. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. let's see what you got. rv -- covered. why would you pay for a hotel? i never do. motorcycles -- check. atv. i ride those. do you? no. boat. house. hello, dear. hello. hello. oh! check it -
seems tax but that is new in california. what the u.s. government wants to do now that willake it so everyone has to pay internet sales tax. >> a one-two punch from mother outfr fld, tousang facing another headache >> covering santa rosa, berkeley, san jose, and all bay area, this is abc7 news. >> good morning, everyone, 5:14 and this is the view from mount sutro looking on e lightsf san anciosget re t night separae day with more on the weather. it will be warm one coming up in a few minutes. >> the days of tax-free online shopping could end. the not is plan on voting by today to give states the authority to collect sales tax on all internet purchases. amazon is urging customers to call lawmakers to shoot it down. local governments have been losing billions from online retailers not collecting sales taxes. california and eight other states are the exceptions. with state laws requiring online giants to collect taxes from internet purchases. >> amazon is upping customers to write the congressional representatives to oppose the bill. >> there are a lot of rattled nerves but no damage or
medicine >>> president obama says it is time to end the online tax free shopping spree. the white house says the president is supporting a new bill that cleared its first hurdle in the senate yesterday and could come up for a full vote this week. it would require all online retailers to collect sales tax. some of the pros and cons are maybe from unexpected places. >> you wouldn't see it. the web sales tax bill has caused opposites to attract. on one side you have senators, a republican and a democrat both supporting it. on the other side arm and arm opposing it. the senate bill is the latest of what are called amazon laws, efforts to capture of what will amount to almost a quarter of a trillion online sales. that computer bought online could be $200 more. shirt and shorts is $20 higher than before with the tax. all of that could equal over $20 billion a year. 45 states are eyeing that revenue. the other five would have to create tax systems from ground zero. the measure has pit big box stores as well as a minority of etail ers. >>> amazon has physical locations in many states so it has
new york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> we are learning more from the victims and heroes of boston. chris jansing has been talking to people there. she's next. flap . >>> today there's been a lot of public focus into the blast in boston but we must not forget the personal toll that these attacks have taken. graduate student lin
, by the way, talk of an online sales tax. harry reid is suggesting there's a vote on an online sales tax next week. ebay's way down on that. it's own growth forecast as well as the interpret sales tax possibility. ibay's down three bucks, what do you have to add on that? >> i have to add the european story that the chief financial officer of ebay saying the european economy is weaker, weaker british pounds to dense paypal results. put that together, it's a loser. >> it is, big stock, big drop. thanks nicole. to hoyer, the to littization of the boston bombing linking them to the sequester cuts. here's a question a fox news producer asked mr. hoyer. i'm quoting directly. do you think this can help to make an argument to turn off the sequester? here's the congressman's response, well, i think there are compelling arguments to not have turned on the sequester and multiple reasons for investing in our security and don't pursue across the board irrational cutting priorities and buy the same percentage. i think this is another proof of that. if proof is needed, which i don't think, frankly, it is. t
to manufacturer boxcar on. lori: tax-free online shopping could be numbered. melissa: take another look at metals as we head out to break. copper trading lower. we will be right back. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by cnging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. [ lighter flicking ] [ male announcer ] you've reached the age where giving up isn't who you are. ♪ this is the age of knowing how to make things happen. so, why let erectile dysfsfunction get in your wa? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury
, a bill to restore states' sovereign rights to enforce state and local sales and use tax laws, and for other purposes. mr. reid: i ask for a second reading and object to my own request. the presiding officer: objection having been heard, the bill will be read for a second time on the next legislative day. mr. reid: i ask unanimous consent the senate recess subject to the call of the chair. the presiding officer: without objection, the senate stands in recess subject to the call of the chair. >>> one day after the boston bombings a bipartisan watch group said the government used torture and illegal interrogation methods after the september 11 attacks in 2001. that report is next on c-span2. >>> she came into the white house, she was a 47-year-old lady that he did politics. she was deeply depressed at the death of her son and especially under the terrible circumstances in which she died. she didn't have many friends unfortunately, but she did have a wonderful family there always seems to be somebody there and i don't think he did very much but she was a very intellectual woman,
and wages and getting back growth. >> for decades we have been told don't tax the upper class because the less tax they have the better it is for the middle class, true or false in. >> false. the idea that people at the top are the job creators belies -- the truth about the economy is the middle class they are the job creators because their spending creates jobs. >> so many people have been sold on this for years. >> i don't know why. trickle down economics. if you give more tax breaks to people at the top and companies at the top, you are going to create jobs has been proven over and over again to be false. >> amazing insight from robert rice. >> take a look at your hand. it's telling you something about your future. >> wheb you meet a ceo do you look at their fingers? >> i did. >> best selling author, bronson talks about the fascinatingfind. he talks about the length of your fingers. we are back in two minutes. >>> he's one of the most celebrated writers in bay area history. many people don't know he lives here. seven books, millions of copies sold. what po bronson is writing about
, cutting spending in the tax code, and then i think it also keeps our promises to people to seniors who worked hard their whole life and want to nothing more than a secure retirement. and to our veterans to 0 who we made promises as they donned the uniform and fought for our country. >> host: what about the issue of changed cpi. . >> guest: i start with a basic notion that social security has enci ad itbutedp our shben ttal n part of the discussion. certainly we need to be concerned about the long-term solvent sei of social security but again when retirement security is question mark for so many families. i don't think it should be on the table during this part of the discussion during the budget resolution. look at the real contributors to our deficit and debt as we try tackle those challenges. >> host: two final questions before we go to calls. callers are ready. this is another article during an intimate dinner with democratic senators. how come you were left off the list? [laughter] >> guest: i have no idea. [laughter] but i have been very pleased with the president's increase in ou
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